"The vast majority of tanker owners are more or less going about with business as usual, although they have ratcheted up their safety and security precautions when trading their ships in the Arabian Gulf," said Peter Sand, chief shipping analyst at Bimco
, which represents around 60 per cent of the world's merchant fleet measured by tonnage.
"While still being early hours to do a full and all covering assessment, BIMCO
does not expect this to cause a massive and long lasting disruption to seaborne oil flowing out of (the Gulf) -- unless this is only the beginning of an escalation of tension in the wider region." The Strait of Hormuz is the "No.
Most of the new orders are for delivery in 2020, when BIMCO
expects more than one million TEU of new capacity to be delivered.
For example, BIMCO
reported that the dry bulk shipping sector has experienced the worst performance, with a record low Dry Baltic Index in 2016 (BIMCO
He said re-entry of the National Iranian Tanker Company into major international associations and institutions as one of the company's achievements in the previous calendar year which ended on March 20, adding that the company rejoined Baltic and International Maritime Council (BIMCO
), the International Association of Independent Tanker Owners (INTERTANKO) and the Oil Companies International Marine Forum (OCIMF) during the year.
(79) The Baltic and International Maritime Council (BIMCO
) recently issued guidelines on maritime cyber security, in partnership with related maritime trade bodies (Cruise Lines International Association, International Chamber of Shipping, International Association of Independent Tanker Owners [known as INTERTANKO], and its equivalent for dry cargoes [INTERCARGO]).
Distinguished industry leaders and shipowners such as Hassan Basma, Founder & Chief Executive Officer, HBA Offshore; Peter Sand, Chief Shipping Analyst at BIMCO
; Su Yin Anand, Co-founder & Director, Young Professionals in Shipping Network; and Capt.
The article starts by assessing a new standardised term-sheet by BIMCO
, which is aimed at ship finance transactions.
The panelists for this discussion were Alfred Hartmann, President of the Association of German Shipowners (VDR), Fotios Katsoulas, Shipping Data Manager and Fleet & Newbuilding Analyst of Affinity Research LLP and Peter Sand, Chief Shipping Analyst of BIMCO
) codified a model agreement as these contracts became more
Giles Noakes, Head of Security, BIMCO
will explain what ports can do to increase cargo safety when arriving at port and when they are the most vulnerable to attack.
Speakers and panellists confirmed include Sheikh Talal Al Khalid Al Sabah of Kuwait Oil Tanker Company; Khamis Buamim, group chief executive and managing director of Gulf Navigation; Naser Al-Abdulkareem of Bahri; Philip Tinsley of Bimco
; Captain Harihar Prasad of McQuilling; Jasamin Fichte of Fichte & Co; Rania Tadros of Ince & Co; and Yudhisthir Khatau of Varun Shipping.